Nanoviricides Q2 EPS $(0.18) Down From $(0.15) YoY; As Of December 31, 2023, We Had Cash And Cash Equivalent Current Assets Balance Of Approximately $5.31M. Additional Agreements Have Resulted In A Further Approximately $2.5M Available Cash
Portfolio Pulse from Benzinga Newsdesk
Nanoviricides reported a Q2 EPS loss of $(0.18), a 20% decrease from the previous year's $(0.15) loss. As of December 31, 2023, the company had $5.31M in cash and equivalents, with an additional $2.5M available from new agreements.
February 15, 2024 | 11:44 am
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Nanoviricides reported a widened Q2 EPS loss and an increase in available cash due to new agreements.
The reported increase in quarterly losses could negatively impact investor sentiment in the short term, potentially leading to a decrease in stock price. However, the increase in cash and cash equivalents due to new agreements may mitigate some concerns about the company's financial health.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100